According to local reports, Wouzee, a Madrid, Spain-based video streaming platform, raised €1m in its first funding round.
Backers included Unidad Editorial and José María Salido, amnong others.
The company intends to use the funds to enter the livestreaming market, grow partnerships, and expand internationally.
Co-founded by David Segura and Marcial Cuquerella, Wouzee provides an online streaming platform that allows people to broadcast and share live videos. Available for iOS and Android, the app allows users to become citizen journalists and create their own tv channels.